State budgets

State's fiscal outlook dependent on governor-elect Newsom's management style.

The state's backlog of unpaid bills could skyrocket to $23.7 billion without budget changes, said a new report from Gov. Bruce Rauner's administration.

Gov.-elect Laura Kelly will enjoy rising revenues and prospects for Medicaid expansion but still faces a GOP-dominated legislature.

The NASBO report released Thursday showed some bright spots for state ledgers.

Gov. Pete Ricketts, who won re-election last Tuesday, has said that expansion costs will be covered by existing revenue.

Carol Kellermann, outgoing president of Citizens Budget Commission, discusses the New York fiscal watchdog organization's monitoring of city and state finances. Paul Burton and Chip Barnett host.

Attention is turning toward the future of funding for the nation’s biggest transit system.

Illinois' five state pension funds certified preliminary 2020 contributions may change, depending the results of planned buyout offers.

Democrats control the state legislature, changing the calculus for Gov. Andrew Cuomo, who will begin his third term.

California tax revenues missed projections by $412.2 million, marking the first time in months that the state has fallen short.

J.B. Pritzker coasted to victory without offering much detail about how he plans to solve the state's fiscal problems.

J.B. Pritzker tapped budget watchdogs and Chicago's fiscal chief for the budget transition committee.

West Haven credit quality hinges on plan execution, S&P says

The results stand to influence the municipal market through capital planning and budget actions with potential impacts on ratings and borrowing levels.

Voters in three states approved Medicaid expansion, highlighting dozens of ballot measures around the country that will impact budgets and credit.

Sales tax growth in Texas grew 7.3% year-over-year to an October record of $2.6 billion, the state's comptroller said.

States have reversed deterioration found last May.

The state's largest retirement fund is advancing the planned buyouts as its unfunded liabilities continue to increase.

Moody's Investors Service downgraded Vermont to Aa1, and downgraded other credits that are notched off the state's bond rating.

A new law takes effect Nov. 1 to allow New Jersey to collect sales tax on products shipped from out of state in the wake of the Supreme Court's Wayfair ruling.